Credit Suisse (SIX:CSGN) analyst Adam Baumgarten maintained a Hold rating on Stanley Black & Decker Inc (NYSE:SWK) on Friday, setting a price target of $151, which is approximately 1.51% below the present share price of $153.32.
Baumgarten expects Stanley Black & Decker Inc to post earnings per share (EPS) of $0.89 for the third quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Stanley Black & Decker, with an average price target of $157.91.
The analysts price targets range from a high of $175 to a low of $131.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $3.13 billion and a net profit of $274.6 million. The company's market cap is $23.63 billion.
According to TipRanks.com, Credit Suisse analyst Adam Baumgarten is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 5.6% and a 60.61% success rate.
Stanley Black & Decker, Inc. engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security. The Tools and Storage segment comprises of the power tools and equipment, and hand tools, accessories, and storage businesses. The Industrial segment comprises of engineered fastening and infrastructure businesses. The Security segment includes the convergent security solutions and mechanical access solutions businesses. The company was founded by Frederick T. Stanley in 1843 and is headquartered in New Britain, CT.